Thursday, March 24, 2016

The Value of Surplus

After Holy Week, after Easter Sunday, what comes to mind is the filing of income tax. In Canada, whether you have work or out of work, with income or without income you have to file your income tax. It's mandatory to file income tax if you are at the right age.

You have work and you made lots of money you have to file income tax and pay income tax if ever your accountant found that you made profit from your business or earned so much income from your work. You didn't make profit from your business or you didn't earn much from your employment then the government has to pay.

The Federal Budget for Year 2016 announced by Canadian Finance Minister, Bill Morneau last March 22, 2016; stated as:

Revenue - C$ 287.7 Billions
Deficit    - C$   29.4 Billions
Expenses - C$ 317.1 Billions

If  Expenses is higher than Revenue then there is Deficit.
Expenditures exceed Revenues





Surplus: the amount by which  quantity supplied exceeds quantity demanded
the amount by which revenues exceed expenditures.



Surplus value: the amount by which the value of a worker's output exceeds the wages or shares.




The importance of SUPLUS VALUE should not be forgotten whether the country practice Marxism or not.






But you know when Marxist economics exist and you should be aware of that. You don't have to be in Russia to feel such kind of environment and situation.